Key points
- Net capital issuance was -£2.3 billion in October, compared to £4.1 billion in September and the previous six-month average of £2.3 billion (Chart 1).
- By instrument, bonds saw the largest decrease in net issuance. Net bond issuance fell to £0.5 billion in October from £9.3 billion in September (Chart 4).
- The fall in net bond issuance was driven by a £12.9 billion decrease in the issuance of bonds across all sectors. This was partially offset by a £4.8 billion decrease in repayments from the MFI sector.
In addition to the summary statistics contained within this release and the associated tables, the Bank publishes a number of more granular series; please see our Bankstats tables (E3.1) and the full list of series and interactive charts.
All sectors
- Gross capital issuance by UK residents was £42.5 billion in October, compared to £58.3 billion in September and the previous six-month average of £55.9 billion (Chart 1).
- Net issuance was -£2.3 billion in October, compared to £4.1 billion in September and the previous six-month average of £2.3 billion (Chart 1).
- Year to date gross issuance was £542.8 billion, £159.9 billion higher than at the same point the previous year (Chart 2) and £128.9 billion higher than the previous four-year average.
- Year to date net issuance was £33.7 billion, £62.9 billion higher than at the same point the previous year (Chart 3) and £6.3 billion higher than the previous four-year average.
Chart 1: Total capital issuance by UK residents (all currencies)
Non seasonally adjusted
Chart 2: Gross year to date capital issuance by UK residents (all currencies)
Non seasonally adjusted
Chart 3: Net year to date capital issuance by UK residents (all currencies)
Non seasonally adjusted
Bond issuance
- Gross bond issuance was £17.9 billion in October, compared to £30.9 billion in September and the previous six-month average of £23.7 billion (Chart 4).
- Net bond issuance was £0.5 billion in October, compared to £9.3 billion in September and the previous six-month average of £2.5 billion (Chart 4).
- The fall in net issuance was driven by a £12.9 billion decrease in the issuance of bonds across all sectors. This was partially offset by a £4.8 billion decrease in repayments from the MFI sector.
Chart 4: Bond issuance by UK residents (all currencies)
Non seasonally adjusted
Commercial paper issuance
- Gross commercial paper issuance was £23.3 billion in October, compared to £27.1 billion in September and the previous six-month average of £31.8 billion (Chart 5).
- Net commercial paper issuance was £0.3 billion in October, compared to -£2.5 billion in September and the previous six-month average of £2.7 billion (Chart 5).
- The increase in net issuance was driven by a decrease in repayments of £6.6 billion across all sectors. This offset a £4.4 billion decrease in issuance by the MFI sector.
Chart 5: Commercial paper issuance by UK residents (all currencies)
Non seasonally adjusted
Equity issuance
- Gross equity issuance was £1.3 billion in October, compared to £0.4 billion in September and the previous six-month average of £0.4 billion (Chart 6).
- Net equity issuance was -£3.1 billion in October, compared to -£2.7 billion in September and the previous six-month average of -£2.9 billion (Chart 6).
- The decrease in net issuance was driven by an increase in buybacks of £1.3 billion by the PNFC and OFC sectors. This offset the £0.9bn increase in issuance by the PNFC sector.
Chart 6: Equity issuance by UK residents (all currencies)
Non seasonally adjusted
Key:
- PNFC = Private non-financial corporations
- MFI = Monetary financial institutions
- OFC = Other financial corporations
- “Other sectors” contains public corporations and non-profit institutions serving households
- CP = Commercial paper
Queries
If you have any comments or queries with regard to this release please email DSDSecurities@bankofengland.co.uk.
Next release date: 29 December 2023
